Temasek rumoured to have sold stake in Keppel REIT for $124m

That's 103.9m shares at $1.195 each.

According to Bloomberg's report, Temasek Holdings Pte, Singapore’s state-owned investment company, sold a stake in office landlord Keppel REIT (KREIT). Bloomberg said this information was from two people familiar with the transaction.

Temasek sold about 103.9 million shares at an average price of S$1.195 each, or a total of about S$124 million ($100 million), according to one of the people, who asked not to be identified because the information is private. Stephen Forshaw, a spokesman for Temasek in Singapore, didn’t immediately respond to Bloomberg News queries on the sale. Keppel Corp., the parent of the Singapore REIT, said in an e-mail it cannot immediately comment.

Read full report here.